Banana Powder Market - Forecasts from 2025 to 2030

The global banana powder market is expected to grow at a compound annual growth rate of 7.07% over the forecast period to reach a market size of US$1.93 billion by 2030 from US$1.37 billion in 2025.

Banana Powder is formed from the banana pulp, then by the mechanical and hydraulic process, it is converted into a paste. Sodium metabisulfite is used for brightening the yellow colour of the banana paste. The paste is dried by spray, freeze, or drum drying process and then the powder is produced. The banana powder market is anticipated to grow at a significant rate in the coming years. The surge in demand for natural and organic food products and the enhancement of Banana Powder flavours in food products, cosmetics, and personal care is imperative for the Banana Powder market growth.

Bananas are commonly used and are the most consumable fruit worldwide. It has rich sources of potassium, vitamins, carbohydrates, and proteins and is cheaper, which makes for a healthier and more affordable diet. Banana powder is most commonly used in the food and beverage, cosmetics, and animal feed industry. Banana powder has a significant global share in the food industry. India is the major exporter of bananas worldwide and accounts for the majority of the market here. China is also one of the major exporters of bananas worldwide.

Global banana powder market drivers:

Increasing Consumer Preferences

Banana powder has a substantial demand in the market. Banana powder's popularity will continue to soar among consumers because of its rich and healthy properties, and also because it is affordable. Consumers are shifting away from processed and refined food products. There has been a substantial increase in the knowledge and awareness of consumers regarding the harmful effects of artificial preservatives, flavours, and colours.

Consumers are diversifying their purchasing options when it comes to food andbeverageproducts. Technology has been playing an imperative role in enhancing awareness and knowledge among consumers. A consumer can now locate the source of the food to ensure the safety of the product. Consumer demands and preferences have been constantly changing with time. There are a lot of people who are suffering from various harmful diseases and are not comfortable with artificial products. This has led to a surge in demand for Banana Powder. It has a plethora of properties that are beneficial for human growth. It has a substantial content of carbohydrates and calories. It is also consumed for its anti-oxidant properties, preventing ageing effects and dehydration. It also helps in reducing blood fluctuations and is beneficial in the growth of bones. It is widely used in baby foods, which helps in the growth of the bones and weight gain in infants. It also helps in preventing and curing dehydration. It is becoming significant in the pharmaceutical industry as it has a substantial number of medical-related properties. It helps in digestion and prevents, or treats ulcers in the stomach. Moreover, there is a lot of demand for banana powder in the cosmetics andanimal feedindustries.

The global banana powder market is segmented into five regions worldwide:

Geography-wise, the market of global banana powders is divided into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. Market share is dominated by the Asia-Pacific, followed by North America and Europe. The major exporters of banana powder are India and China. Banana Powder has a substantial share in the market because India is a major banana producer. Moreover, the market is fueled by the growth in food and beverage industry regionally. In line with this, according to the USDA Report called 'Retail Foods' in July 2023, the food and beverage retail sales in the Philippines were expected to witness a 6% growth in 2023. Furthermore, as per the report, hypermarkets hold 6% of the market share for food sales, whereas supermarkets lead the industry by having 23% market share. Amongst this, informal traditional retailers held the maximum market share of 45%.

Owing to the presence of major cosmetics, food and beverage, pharmaceutical, and animal feed companies in Europe, Europe, and North America are expected to grow significantly. For instance, as per Statistics Sweden, in 2022, total sales of food and beverages amounted to SEK 356 billion. This is a rise of approximately SEK 22 billion, or 6.6 per cent compared with 2021. In fixed prices, the sales of sweets increased to SEK 107 per capita compared with 2021. The animal industry further aids in increasing revenue, because animal feed banana products, are less expensive, and most countries rely on livestock animal products.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
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The global banana powder market is segmented and analyzed as follows:

By Nature

• Organic
• Conventional

By Process

• Freeze Dried
• Spray Dried
• Drum Dried

By Applications

• Food and Beverage
• Cosmetics
• Pharmaceuticals
• Animal Feed
• Others

By Distribution Channel

• Online
• Offline

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific